| The Organisation of the Petroleum Exporting Countries (OPEC), said its forecast for global oil demand growth in 2012 remained unchanged at 1.2 million barrels a day mb/d, but noted that uncertainties in the world economic outlook for the coming year have increased due to the challenges facing the Organisation for Economic Cooperation and Development (OECD) economies.
In its latest Monthly Oil Market Report (MOMR) the 12-member group also projected global oil demand growth at900,000 barrels per day in 2011 - unchanged from its September figures, noting that demand in industrialised nations is seen dropping further "as a result of slowing economic momentum, particularly in the (European Union)."............................................Full Article: Source
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